Unsold products: behind the valorization, the challenge of fashion production Since 1 January 2022, Article 35 of the French AGEC law has obliged producers, importers and distributors to reuse, re-use or recycle unsold non-food products. They can no longer destroy them. Faced with this new challenge, how can fashion retailers act upstream to manage their production and reduce unsold products?
In 2022, Unibail Rodamco Westfield operated 4,500 orders in click & collect, in Velizy mall URW's shopping centres are rolling out omnichannel features. For the inauguration of a mutualised "click & collect" service in the Forum des Halles mall in Paris, announced in June in mind Retail, we reviewed the performance of the initial system set up at Velizy 2. With 30% of grocery orders, URW and FM Logictics have demonstrated the relevance of such relay points, especially for fresh products.
[Amazon results] Online sales down and US$3bn losses in 2022… How does Amazon stay afloat? As predicted by the 18,000 layoffs announced last month, Amazon's growth slowed in 2022. While turnover grew by 13% year-on-year, online sales continued to decline and the group's operating profit fell by 50% in 2022.
AI : Google launches new tool to improve stock availability for grocery stores With a new product that combines AI and data, Google wants to make a breakthrough in stock and shelf management, based on a computer vision system. A way to get closer to the territory of players like SES-Imagotag, Pricer and Hanshow.
Yext: How Calzedonia generates sales conversion and “drive to store” thanks to Google queries With 5,000 stores in 55 countries in the end of 2022, optimizing its visibility on digital platforms is a strategic challenge for the Calzedonia Group. In an exclusive talk with mind Retail, Davide Ambrosini, IT Web Marketing Coordinator, explains the initial deployment of Yext over 8 brands. This has led to a 50% jump in search views on Google and annual savings of €900,000 in staff time.
In 2022, quick-commerce represented 2.3% of sales for French convenient stores According to IRI data supplied to mind Retail, the French quick commerce market has more than doubled in 2022. Here is our exclusive report on the annual study.
Charging for returns: pure players follow the lead of omnichannel retailers Since spring 2022, H&M and Zara adopted a policy of charging for returns on online purchases, thus setting standards for standardisation of e-commerce market. Some pure-players are following this lead, marking a new evolution in this competitive market. mind Retail summarises the commercial policies of the main online fashion players in Europe and in the U.S.A.
[Amazon Results] At nearly US$10 billion, advertising outpaces subscriptions for US giant For the first time, Amazon's advertising revenue exceeded subscriptions revenue in Q3 2022. The services to third-party merchants, the second largest business unit, and AWS remained very dynamic : they generated altogether almost US$9 billion in additional revenue in Q3. Online sales, as Amazon's largest business, returned to growth in Q3 2022 after three quarters of decline.
Ads.txt: which advertising providers do retailers work with? In our study of 100 e-commerce sites worldwide, mind Retail analysed the relationships between retailers' websites and marketplaces alongside service providers responsible for selling their advertising inventory in programmatic mode. E-retail media continues to grow at a significant rate 2 years after the pandemic. Online shopping and associated advertising are now a seamless fact of life for consumers. According to the latest GroupM report in September 2022, retail media is expected to reach US$101 billion in 2022 worldwide, up by 15% year-on-year. This segment accounted for 18% of global digital advertising revenue in 2021. Although the trend is growing, there remain few retailers who are involved in programmatic advertising sales. We read this as a sign of a relative maturity in the market. Out of a study of 100 e-commerce sites, only 22 offered an ‘ads.txt’ file.
Free Reconciling e-commerce and stores: what are the best practices of phygital? In terms of omnichannel and phygital retail, winners are rare. How do you bring a Web offer into the physical store? What can DNVB and ONVB teach traditional retailers? Is omnichannel a way to bring customers back to a store? Is the extension of the offer (e-commerce, marketplace) essential to gain market share? As traffic in specialized stores shrinks, mind Retail offers an overview of good practices to encourage conversion of enquiry to sale.
